Commonwealth Trust Company

Episode Information

Episode Type: Suspension → Reopening
Start Date: March 25, 1935
Location: Harrisburg, Pennsylvania (40.276, -76.885)
Bank Type: state
Routing Number: 60-0086
Canonical name: Capital Bank & Trust Company
Alt. names: Commonwealth Trust Company

Metadata

Episode ID
Bank ID
City ID

Model: gpt-5-mini
Short Digest

Notes

The institution is a consolidation of two previously restricted state trust companies.

Events (2)

1. March 25, 1935 Reopening

Newspaper Excerpt: With the opening of the Capital Bank and Trust Co. of Harrisburg March 25, restricted bank operation in Pennsylvania will have ended.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Closed during the state banking holiday and operated on a restricted basis afterward.
Newspaper Excerpt: The two banks were the last of the original 51 state institutions which were closed during the banking holiday and allowed to open later on a restricted basis.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1935 The Pittsburgh Press Pittsburgh, PA

Article Text

RESTRICTED BANKING NEAR END IN STATE

Harrisburg Institution's Opening March 25 to Mark Close

HARRISBURG, March 22—With the opening of the Capital Bank and Trust Co. of Harrisburg March 25, restricted bank operation in Pennsylvania will have ended, Luther A. Harr, Secretary of Banking, announced today.

The new bank is a consolidation of two Harrisburg banks—the Commonwealth Trust Co. and the Union Trust Co. of Pennsylvania.

The two banks were the last of the original 51 state institutions which were closed during the banking holiday and allowed to open later on a restricted basis. Deposits will total $2,344,467, capital $300,000, surplus $150,000 and undivided profits $15,000 in the new institution. Depositors will receive a part of their money in cash and the remainder in bank stock.